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WEEKLY ACCOUNT STATEMENTS


 

ACCOUNT STATEMENT SUN FEB 7 THRU FRI FEB 14  2014

STATEMENTS WILL BE POSTED AT THE END OF EACH WEEK OR 2 WEEKS DEPENDING UPON MY SCHEDULE.

CHEERS, JERRY 

 JERRYJSTEW@YAHOO.COM   

  JERRY@FOREXTRADINGMAJIC.COM

 

 

I am looking to net $100 per week trading an average size of 3 micro lots. Sometimes more and sometimes less but the 
average of around 3 micro lots.  That's 30 cents per contract. In order to do net $100 / 30 cents = 300 pip. So, to 
net $100 we need to capture 300 pips for the week.
 
If I get substantially over the goal of $100 I will then open up to higher risk trades that offer a higher reward 
possibility. That means, if I get to say $150 as I did this week, I can then afford to gamble with a news play. I 
don't generally play the news/data releases but, there is a time and place for everything.
 

DETAILED ACCOUNT STATEMENT SUN FEB 2 THRU FRI FEB 7  2014

I am looking to net $100 per week trading an average size of 3 micro lots. Sometimes more and sometimes less but the 
average of around 3 micro lots.  That's 30 cents per contract. In order to do net $100 / 30 cents = 300 pip. So, to 
net $100 we need to capture 300 pips for the week.
 
If I get substantially over the goal of $100 I will then open up to higher risk trades that offer a higher reward 
possibility. That means, if I get to say $150 as I did this week, I can then afford to gamble with a news play. I 
don't generally play the news/data releases but, there is a time and place for everything.
 
Hence, you can see that my last 2 trades this week were losers. Playing the euraud off the U.S. data release on Friday. 
As often happens on data releases, the market went way down to take out my stop and then closed the day up. They kicked my
ass on that one.  It happens but, again I won the war as I'm up for the week and close to the projected goal.
 
As you can see, there were 28 trades for the week. This may seem like a lot of trades but that is the trade off when 
trading intraday and you have a small account. You have to be more active to make up for the account size.  If strictly 
trading the daily chart it's not a big deal.  But for training purposes I'm illustrating trading intraday type actions 
because I can get in many more trade examples and instead of talking a lot of trash, just show and tell.
 

You may notice that the total profit for the account is $719. That's because I opened the account on Jan 16 and was 
trading with larger contract sizes. I decided to bring down the contract sizes to reflect how most traders can actually 
afford to trade. 
Now netting $719 over 3 weeks is not bad. If I were trading the same size contracts ( mini and standard ) you could triple
that $719 to around $2,150.00 seeing as trading 30 cent contracts I have to capture 3 times as many pips as before. 

To put it bluntly the account is profitable from the start but I'm only publishing what I think will be most helpful to 
you.  That may seem like an excuse if the account were down but since the account is up there are no excuses necessary are there?

Cheers, Jerry

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DETAILED ACCOUNT STATEMENT FRI JAN 24 THRU FRI JAN 31  2014